German Acquisition

Slough Estates PLC
14 February 2006


                     SLOUGH ESTATES' ACQUISITION IN GERMANY
                                       
                       30HA LOGISTICS PLATFORM AT KREFELD
                                        

Slough Estates International ('SEI') has agreed the acquisition of a 30ha
logistics site from the ThyssenKrupp Group, at a phased purchase price of
€19.05m. This prime site is to the west of Dusseldorf, in close proximity to the
airport, and has direct access to the A44 motorway. The site will also be
connected to the railway network. It is one of the only viable sites for
logistics development close to the city of Dusseldorf.

SEI will develop 117,000m(2) of light industrial and logistics accommodation in
6 buildings in a low density environmentally sensitive scheme. The delivery of
the first phase is anticipated for 2007.

SEI General Manager in Germany, Dr. Udo Titz, said:

'We are extremely pleased to have been able to acquire this prime site for a
logistics platform and look forward to developing out a first class logistics
scheme. We believe this acquisition complements our existing portfolio and
development pipeline.'

SEI Managing Director, Europe, Walter Hens, said:

'This transaction increases our Continental European logistics network and
allows us to offer international solutions to pan European logisticians'.

Elsewhere in Continental Europe, Slough Estates International's main interests
are in Belgium, Germany, France, The Netherlands, the Czech Republic, Hungary
and Poland.


Further Information

Slough Estates                 The Maitland Consultancy
Michael Waring                 Colin Browne
01753 213335                   020 73795151


Notes to editors

Slough Estates plc

(Listed on the London Stock Exchange - stock code: SLOU.L)

Slough Estates is a leading provider of flexible business space in business
parks in Western Europe and North America, with over 1500 customers occupying
approximately 3m square metres of business space. Slough Estates' properties are
in suburban locations in close proximity to the main business centres, where
there is long term demand for business accommodation to serve these key economic
regions.

The company's main activities are currently based around London, Brussels,
Paris, Dusseldorf, Amsterdam, San Francisco and San Diego and the company
continues to develop new business parks with the long term objective of building
shareholder value and enhancing its reputation for quality buildings offering
excellent value to customers. www.sloughestates.com

At its interim results in 2005 Slough Estates highlighted increased development
starts in Europe with 5,509 sq m completed in H1, 64,029 sq m under construction
at the end of the first half of 2005 and with 56,112 sq m of possible starts in
the second half of 2005.







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